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20121201
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. congressional leaders will talk with president obama trying to avert the "fiscal cliff." ed payne tells us they only have four days. >>> reporter: in what's seen as a last-minute attempt to reach a deal, president obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want
which was to be used as an emergency shelter. >>> the weather has prompted airlines to cancel 5,000 flights this week. let's take a live look at sfo right now. you can see that a lot of people are out there a lot of cars. cancellations today at airports are affected by the storm mainly indianapolis and cincinnati, ohio at this point. all the nation's airports are expected to be busy today as people start heading home after the christmas gathering. it is wise though contact your airline in advance to check on your flight status. >>> back in the bay area, the threat of more flooding is causing concern along a creek on the peninsula. san fransesquito creek in east palo alto is residing this morning after hitting near record high levels during the weekend rains. now they have a new stack of sandbags on top of the levee that protects the gardens neighborhood. the california conservation corps joined city crews inputting bags in place to prevent flooding. some homes were evacuated after water seeped through the levee. >> we have to leave everything behind. >> we had a bad christmas so
. >> reporter: the nih tells us because of uncertainty in the budget awards at 90% of what was perhapsed to researchers -- promised to researchers will be the standard at least for now and the threat of the cut raised alarms. >> some of the cuts -- >> reporter: at johns hopkins the doctor is under pressure to reduce the experiments he designed in mice in search for a cure for childhood leukemia. does that make a more uncertain science? >> not only that we actually lose ten years. >> reporter: the downside of turning off a variety of experiments is what? >> we've killed innovation. because the most innovative projects are the projects that will go first. >> reporter: the pending budget cuts have also forced labs to slow down the hiring of promising younger scientists. >> turning them down because i have to say to them, in all honesty, i don't know whether i can take you on on that four to five year commitment. >> reporter: the nih hopes to restore the lost 10% if the agency's funding restored but this is one danger from the fiscal cliff that isn't waiting for new year's day. the reduction
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